unemployment is higher today than when barack obama took office. >> romney picking up a talking point the unemployment rate rose to 7.9%. a month ago to recall in a september jobs report the rate dropped unexpectedly from 8.1% to 7.8%, which was the rate the president obama had when he took office in january 2009. giving the president a talking point, given that one back. dennis: thank you very much, peter barnes. cheryl: our next guest says recovery is simply not enough anymore and the october jobs report is another reminder we are nowhere near economic expansion. the chairman joins us now. why are you so focus on the idea of expansion and not recovery? >> when you look at the jobs report, remember, you have close to 150, maybe 200,000 new entrants into the job market every month. we have a jobs report like this, good, right on the margins very good and improving. we're still not absorbing or creating new jobs, not showing expanding economy so if we're looking to invest in other people's money like we do every day, we want to see an expanding economy, we want to know the things we ar